Earnings were SO good. I LOVE this bearish gap. She could EASILY go lower (and if she does, I'll turn this bull put spread into a condor with a SHORTER term bear call spread
However, I do expect this gap to fill <before Sep>
However, I do expect this gap to fill <before Sep>
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One could easily buy to close the bear call spread at this point and lock in a gain. The debit for BTC the bear call would be about .25. Locking in a SOLID 1.15 !!
I'll use that premium to for a LONG put to protect the bull put spread, like this Getting into the 1120 long put for July as a hedge.
I'll use that premium to for a LONG put to protect the bull put spread, like this Getting into the 1120 long put for July as a hedge.
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Update unravel plan on GOOGLE
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Ready to unravel if needed
Ready to unravel if needed
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Long puts are working WELL. 1060 will be ITM on the unravel and I'll plan to sell some puts against both and turn it into a nice bear put spread
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Update
Thanks for helping us Enrich Lives!
NICE premium!! :-)